July 23, 2019 — TUESDAY AM
The ES and NQ are showing strength after bouncing out of the bullish PEMA trigger zone, which suggests another short term rally ahead. Continue to watch the breakdown levels for signs of failure down the road, however. Crude Oil is developing a narrow 4-day range, which could lead to a solid breakout opportunity soon. Since price continues to hold the 55 level, there’s still a good shot that price rallies back toward the 60-62 zone ahead. Gold futures is showing more strength in the PEMA trigger zone, as well, which means another rally could be ahead, likely in the next 1 to 3 days. Here are the levels we’ll focus on during the morning session of the PivotBoss Trading Room.
This video also includes: E-Mini S&P 500, E-Mini Nasdaq 100, Crude Oil, and Gold.
Cheers!
— Frank Ochoa
Author, Secrets of a Pivot Boss